CORPORATE SOCIAL RESPONSIBILITY (CSR): A COMMITMENT OF COMPANIES TO CONTRIBUTE TOWARDS ECONOMIC DEVELOPMENT

ABSTRACT

The key responsibility of businesses traditionally, amid the globe of business, has been to form cash and raise shareowner stake worth. Although, the previous decade has witnessed the movement of shaping broader company duties towards the atmosphere and thus the betterment of operating conditions of workers, has collected pace and brought hold. Environment protection and its preservation may be a concern for anyone nowadays. The impact on the atmosphere is one in every of examples, that every human action on this world is interconnected. Since industrialization, interaction with nature has been so in-depth that the environmental question has engulfed all sizes and impacts all of humanity. The environmental legislation tries to guard and preserve nature’s gifts to a creature like air and water and protect the atmosphere from pollution, but unhappily the law alone cannot manage this problem. The emerging idea of business Social Responsibility comes to the rescue of the atmosphere. Corporate Social Responsibility (CSR) is essentially the commitment of corporations to contribute towards economic development, work with the staff, the local people, and everyone to boost the standard of life, in a very technique that’s smart for each business and development.

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